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Acquisitions (Tables)
 9 Months Ended
Jan. 31, 2025
Business Combinations [Abstract]  
Allocation of purchase price
The table below summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date. We utilized a third-party valuation specialist to assist in valuing the customer relationships, trade name, leases, and property and equipment acquired. The valuation is still in process and, as a result, amounts related to goodwill, customer relationships, trade name, leases, property and equipment, and deferred income taxes are provisional measurements and are subject to change. Additionally, the accounting related to contingent liabilities and the working capital adjustment is considered provisional and subject to change.
Assets acquired:
Cash and cash equivalents$60,212 
Receivables25,368 
Inventories50,928 
Prepaid and other current assets2,509 
Deferred income taxes9,857 
Property and equipment533,040 
Operating lease right-of-use assets314,364 
Other assets940 
Customer relationships and trade name 38,000 
Goodwill574,207 
Total assets1,609,425 
Liabilities assumed:
Accounts payable70,892 
Accrued expenses and other long-term liabilities21,972 
Operating lease liabilities350,809 
Total liabilities443,673 
Net assets acquired and total purchase price$1,165,752 
Pro forma information
The following unaudited pro forma information presents a summary of our consolidated results of operations as if the acquisition of Fikes occurred at the beginning of the first fiscal year of the periods presented (amounts in thousands, except per share data):
Three Months Ended January 31,Nine Months Ended January 31,
2025202420252024
Total revenue$3,903,633 $3,825,442 $13,018,515 $12,935,739 
Net income$95,890 $71,445 $448,799 $372,624 
Net income per common share
       Basic $2.58 $1.93 $12.09 $10.01 
       Diluted $2.57 $1.91 $12.02 $9.96